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M&A Deal Values Drop by 79 Per Cent in April, Reports Grant Thronton

The report also states that in spite of downfall of 96 per cent in M&A deals in April, 2019 as compared to the last year, the PE investors has shown significant growth by enhancing investment activity by recording $ 1 billion investments and additional ni
BY BEx Bureau
BusinessEx
Jun 01, 2019

According to a report, MA (Merge and Acquisition) and PE (Private Equity) deal have leapt down by 79 per cent in April FY19 even though easing strained relationships between India and Pakistan, surging of Indian currency against the dollar and reducing inflation.

Total merger and acquisition (MA) and private equity (PE) deal value was at USD 4,579 million (about INR 31,950 crore) in April 2019 against USD 21,766 million in the same month last year, as per the released report of the accounting company, Grant Thornton.

The report also states that in spite of downfall of 96 per cent in MA deals in April 2019 as compared to the last year, the PE investors have shown significant growth by enhancing investment activity by recording $ 1 billion investments and additional nine investments valued beyond $ 100 million apiece.

Total MA value in April was $ 735 million against $19,142 million in the last year. In April, there was an increase of 46 per cent increase in deal values of PE, on the other hand, volumes remained muted, as per Grant Thorntons Monthly PE Dealtracker.

Despite easing of Indo-Pakistan tensions, strengthening of rupee against dollar and encouraging domestic sentiment on the back of easing inflation and, as a result, giving rise to an expectation of lower interest rates, April 2019 witnessed 79 per cent drop in the MA and PE deal values, the monthly report stated.

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